Status:

Interim bankruptcy restrictions orders

160Interim bankruptcy restrictions orders

(a)after AiB notifies the debtor under section 155(2) that AiB proposes to make a bankruptcy restrictions order, and

(b)before AiB decides whether to make the order.

(2)AiB may make an interim bankruptcy restrictions order if AiB thinks—

(a)that there are prima facie grounds to suggest that a bankruptcy restrictions order will be made, and

(b)that it is in the public interest to make such an order.

(3)Subsection (4) applies at any time between—

(a)the making of an application to the sheriff for a bankruptcy restrictions order, and

(b)the determination of that application.

(4)The sheriff may, on the application of AiB, make an interim bankruptcy restrictions order if the sheriff thinks—

(a)that there are prima facie grounds to suggest that the application for the bankruptcy restrictions order will be successful, and

(b)that it is in the public interest to make an interim bankruptcy restrictions order.

(5)An interim bankruptcy restrictions order—

(a)has the same effect as a bankruptcy restrictions order, and

(b)comes into force on being made.

(6)An interim bankruptcy restrictions order ceases to have effect—

(a)where it was made by AiB, on AiB deciding whether or not to make a bankruptcy restrictions order,

(b)where it was made by the sheriff, on the determination of the application for the bankruptcy restrictions order, or

(c)if the sheriff discharges it on the application of AiB or of the debtor.

(7)Where a bankruptcy restrictions order is made in respect of a debtor who is subject to an interim bankruptcy restrictions order, subsection (2) of section 159 has effect in relation to the bankruptcy restrictions order as if the reference in that subsection to the day the order is made were a reference to the day the interim bankruptcy restrictions order is made.

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